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Q. Fixed assets are held by business for _____.

Q. Cost concept basically recognises ____.

Q. The main object of cost accounting is:

Q. Any written evidence in support of a business transaction is called

Q. A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated.

Q. Which of the following is a Real A/c?

Q. Debit the receiver & credit the giver is _____ account.

Q. What comes in is to be debited, what goes out is to be credited.

Q. Which accounting concept satisfy the valuation criteria?

Q. The debts which are to be repaid within a short period (a year or less) are referred to as,